Registration with Xapo Bank for Custody Services

Summary by AI BETAClose X

Vaultz Capital PLC has completed onboarding with Xapo Bank, a regulated Bitcoin custodian, to secure its Bitcoin Treasury, enhancing its multi-custodian strategy alongside its prior registration with BitGo. This move aims to mitigate concentration risk and bolster the protection of the Company's digital assets, aligning with institutional best practices and the Board's commitment to operational safeguards. The Company, which intends to hold treasury reserves in Bitcoin, acknowledges the high-risk nature of this asset class and the potential for significant value fluctuations.

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